Jakks Pacific Inc. (JAKK) Stock Price Up 1.8%
Jakks Pacific Inc. (NASDAQ:JAKK) shares rose 1.8% during mid-day trading on Monday . The stock traded as high as $9.12 and last traded at $9.09, with a volume of 68,339 shares. The stock had previously closed at $8.93.
JAKK has been the topic of several recent research reports. Zacks Investment Research upgraded Jakks Pacific from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research report on Friday, July 22nd. BMO Capital Markets reaffirmed a “buy” rating on shares of Jakks Pacific in a research note on Monday, April 25th. B. Riley reaffirmed a “neutral” rating and set a $8.25 price objective on shares of Jakks Pacific in a research note on Friday, May 20th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $11.00 price objective on shares of Jakks Pacific in a research note on Monday, May 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.67.
The stock’s 50 day moving average is $9.04 and its 200-day moving average is $7.78. The stock has a market cap of $147.14 million and a PE ratio of 17.39.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.04. The company had revenue of $141 million for the quarter, compared to analyst estimates of $134.80 million. During the same quarter last year, the company posted ($0.30) earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Jakks Pacific Inc. will post $0.79 earnings per share for the current fiscal year.
In other news, major shareholder Patrick Soon-Shiong sold 50,343 shares of the company’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $7.74, for a total transaction of $389,654.82. Following the completion of the transaction, the insider now directly owns 239,622 shares in the company, valued at $1,854,674.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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